Technomic Issues New, Authoritative Report on Quick Casual Restaurants.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- Quick casual restaurants, with their fresh high-quality food, fast service and moderate check averages, have enjoyed strong consumer appeal. Once a novelty Novelty is the quality of being new. Although it may be said to have an objective dimension (e.g. a new style of art coming into being, such as abstract art or impressionism) it essentially exists in the subjective perceptions of individuals. in the restaurant industry, the quick casual segment has now grown into a major stand-alone (jargon) stand-alone - Capable of operating without other programs, libraries, computers, hardware, networks, etc. Exactly what is absent is presumed to be obvious from context. "We only run Windows on stand-alone PCs because it's too dangerous to run it on networked ones." category. To provide in-depth in-depth adj. Detailed; thorough: an in-depth study. in-depth Adjective detailed or thorough: an in-depth analysis analysis of the segment's performance, Technomic has released its new 2006 Technomic Top 100 Quick Casual Chain Restaurant Report. The only publication of its kind to offer rankings, analysis and profiles of the leading chains, the report helps chain organizations and suppliers to the industry improve their understanding of the quick casual segment and spot important growth opportunities. The report is also unique in that it "defines" quick casual and analyzes the composition of its major menu categories, including Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum , sandwich, bakery cafe, Asian, pizza, Italian, and chicken - highlighting which categories are most developed and which continue to offer underdeveloped un·der·de·vel·oped adj. Not adequately or normally developed; immature. opportunities. It also reports on the emerging top 100 quick casual players - who they are, where they are located and what they offer, including breakdowns by breakfast, lunch, dinner and those offering adult beverages.
Five Largest Quick Casual Chains
--------------------------------------------------------------------
Rank Chain 2005 U.S. Sales % Sales Change
($000)
--------------------------------------------------------------------
1 Panera Bread $1,596,600 28.6%
--------------------------------------------------------------------
2 Boston Market 695,000(a) 5.3
--------------------------------------------------------------------
3 Chipotle 635,577 27.1
--------------------------------------------------------------------
4 El Pollo Loco 478,121 11.6
--------------------------------------------------------------------
5 Zaxby's 390,000(a) 62.5
--------------------------------------------------------------------
(a) Technomic estimate.
Other findings presented in the 2006 Technomic Top 100 Quick Casual Chain Restaurant Report: --The quick casual market is estimated at $10-11 billion in sales per year, and growing quickly. --Future growth opportunities remain strong, with growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for quick casual restaurants surpassing that of traditional quick-service restaurants. --The largest segments, Mexican, bakery cafe and chicken, all show significant growth at 18, 21, and 20 percent, respectively. The 2006 Technomic Top 100 Quick Casual Chain Restaurant Report is offered by Technomic Information Services See Information Systems. , a division of Technomic, Inc. To learn more, visit www.foodpubs.com About Technomic Information Services Technomic Information Services has been tracking the foodservice The foodservice (or food service) industry (US English; catering industry in British English) encompasses those places, institutions, and companies responsible for any meal eaten away from home. industry for over 40 years, providing industry intelligence, forecasts, data and training support to manufacturers, operators, distributors and others allied to the field. Our numerous publications and digital products--featuring quick-read newsletters, analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. annual reports, training handbooks, sales guides and restaurant chain profiles--help industry leaders keep a finger on the pulse of the entire foodservice terrain. Technomic Information Services delivers distinctive, premium content to its customers. About Technomic, Inc. Technomic provides food and foodservice clients with the research, insights and strategic consulting support they need to enhance their business strategies, decisions and results. Its services include category and channel analyses, customer satisfaction studies, opportunity assessments, benchmarking
Benchmarking (also "best practice benchmarking" or "process benchmarking") is a process used in management and particularly strategic programs and brand equity enhancement. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion